Egypt’s Chemicals and Fertilisers Export Council reported a significant increase in exports from January to September 2024, which amounted to US$6.5 billion, up 5 per cent compared to the same period in 2023. These volumes represent about 21 per cent of the country’s total non-oil exports.

Plastics and resins led the growth with an increase of 29 per cent, reaching US$2 billion. Exports of petrochemical products also showed growth, increasing by 71 per cent to US$1 billion, while exports of glass products increased by 22 per cent to US$199 million.

Khaled Abu El-Makarem, Chairman of the Chemical and Fertiliser Export Council, attributed this growth to the continuous efforts to improve the global competitiveness of Egyptian goods. This is reported by Daily News Egypt, a partner of TV BRICS.

He predicts that exports in this sector will reach US$8.5 billion by the end of 2024, thanks to increased global demand, improved local production capabilities, and supportive government policies.

African Times published this article in partnership with International Media Network TV BRICS